Tax

The row over the troublesome unified property tax (ENFIA) continued on Thursday as coalition partner PASOK said that children’s charity Smile of the Child was incorrectly asked to pay the levy.

PASOK said the Finance Ministry had made a mistake in sending a bill to the charity after its president, Costas Giannopoulos, revealed that its property tax bill came to almost 95,000 euros.

By Prokopis Hatzinikolaou

The Finance Ministry is unable for the time being to provide a solution to the major problem regarding the freeze in the issuing of tax clearance certificates to property owners.

Property owners in Greece will not receive any income tax rebates due until the resolution of the new single property ownership tax (ENFIA) issue, which caused an uproar last week due to erroneous data having been used in the calculations.

BELGRADE - Serbia's budget revenues coming from excise taxes on oil derivatives will rise by around RSD 17 billion this year, while revenues from excise taxes on tobacco products will drop by RSD 24 billion, according to the latest estimates by the Fiscal Council.

Athens Chamber of Commerce and Industry (EBEA) President Constantinos Michalos on Wednesday reiterated his support for a cut in the special consumption tax on heating fuel, with a parallel clampdown on illegal trading and fual adulteration.

Finance Minister Gikas Hardouvelis has promised to fix problems with the new single property tax, known as ENFIA, after strong criticism from taxpayers and opposition parties.

The Finance Ministry’s online posting of dues for the new Single Property Ownership Tax (ENFIA) on Monday gave the jitters to hundreds of thousands of taxpayers, as tax notifications were evidently based on a plethora of omissions and faulty data.

By Prokopis Hatzinikolaou

The government is considering an increase in the number of installments allowed for the payment of the new Single Property Ownership Tax (ENFIA) for 2014 and to reduce its size from 2015 if the amount taxpayers are asked to pay exceeds that provided for by the budget.

By Prokopis Hatzinikolaou

The General Secretariat for Public Revenues has added one more bureaucratic obstacle to the efforts of cash-starved enterprises to secure liquidity, as a new regulation stipulates that they will have to wait an additional month for their income tax rebates and before that to submit a handwritten application for it at their local tax office.

By Prokopis Hatzinikolaou

Some 200,000 taxpayers are still waiting for their income tax declarations, which were submitted in time, to be processed, while a number of other problems are putting the payment of the first tranche, by July 31, in jeopardy for many.